Top AI tools for SMEs to close more deals

From streamlining processes to enhancing customer engagement.

Author

Maziar Foroudian
June 05, 2024

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Get to know the top AI tools that are revolutionizing sales strategies for SMEs. From streamlining processes to enhancing customer engagement, these tools are helping businesses gain a competitive edge in the rapidly evolving business landscape. Don't miss out on these game-changing technologies!

The minimum wage is rising in Australia, but it's not all good news. While workers will see a boost in their pay, small and medium businesses are facing tough financial strains. Discover the impact of this double-edged sword and how SMEs can navigate the challenges.

Unlock the key to understanding Australian household spending patterns with NAB Economic Research. Forget the outdated concept of "excess savings" and focus on the larger picture of income and wealth trends. Discover how SMEs can make informed decisions for future success.

Discover the key to future business success and sustainability in a changing world. Learn how embracing circular economy practices can make your business more efficient, compliant, and resilient. Find out how innovative technologies and sustainable practices can give you the edge.

New Tools

Top stories

Australia's Fair Work Commission announced a 3.75% increase in both minimum wages and awards, affecting 2.6 million workers. The decision sparked debate, with critics concerned about inflation, while supporters argue that low-wage earners deserve to keep up with the cost of living.

Frank Green's latest innovation, the Switch Lid, allows users to switch between sipping water through a straw and gulping from an open mouthpiece. The brand's dedication to customer feedback and relentless innovation has helped them stand out in the crowded reusable drink bottle market.

BM4A offers a quick and efficient way to launch Minimum Viable Products (MVPs) for startups and enterprises. Their unique approach streamlines MVP development by using pre-built web applications and modules, allowing for faster validation of ideas and staying ahead of the competition.

Australia

Siobhan Savage of Reejig discusses the successful integration of AI into their workforce, resulting in $1.5 million monthly savings. She advises companies to understand tasks over job titles, integrate AI early, and involve the CEO in AI education and integration.

Sydney-based logistics startup Ofload launches its Carbon Analytics Platform after securing $31 million in funding. The platform helps companies track emissions within their supply chains, anticipating new federal regulation requirements. Ofload's innovative approach supports both large brands and small businesses.

Australian Economy

Albanese government faces obstacles in meeting emissions targets due to delays in building transmission lines, slow adoption of electric vehicles, and changing community attitudes. Industry leaders warn of challenges in transitioning to clean energy. AMPOL CEO voices concerns about grid connections for EV charging stations.

Economists support Australia's Future Made policy, arguing it can create industrial jobs, reduce emissions, and boost regional economies. Critics warn of government "picking winners," but supporters say it's necessary in a rapidly changing economic landscape.

World

Economists predict a shift in business practices due to rising real interest rates affecting capital costs. Expect companies to favor labor over capital in production to manage borrowing expenses effectively, impacting wage growth and workforce stability positively.

Washington, D.C., attorney general settles a $40 million income tax fraud case with MicroStrategy founder Michael Saylor, the largest in the city's history. The settlement stemmed from Saylor’s alleged evasion of $25 million in taxes.

Spotify has increased its subscription prices in the U.S. with the individual plan now costing $11.99 per month. Existing subscribers will be notified by email, with the new pricing taking effect in July. No news yet on the much-anticipated Supremium plan.

Tech

Meta's Instagram introduces "ad break," a new intrusive way of displaying ads on the platform. Users report frustration and anger, with many closing the app immediately. Meta may face backlash if this new format is expanded.

Google finally admitted to using click-related signals in its ranking algorithm, contradicting previous denials. Details from internal documents revealed the significance of organic clicks on rankings and the role of user interactions in Google’s search results.

Redirects are essential for moving website visitors seamlessly to new addresses. They inform search engines of content changes and help maintain rankings. Implementing redirects correctly requires understanding various types and potential pitfalls to avoid.

Curated for you

Navigating one-on-one meetings can be challenging, but they offer valuable opportunities for aligning expectations and building trust. Signs of unproductive meetings include feeling deflated or constant distractions. Learn how to make the most of this valuable time.

In a recent Econometrica piece, researchers found that lower interest rates can account for 40% of the rise in wealth inequality by benefiting entrepreneurs over rentiers. This challenges Piketty's theory and sheds light on the dynamics of the wealth distribution.

July 2024 calls for creative content topics like summer product tutorials, must-have items, humor for International Joke Day, giving back on National Give Something Away Day, and celebrating junk food on National Junk Food Day. Content marketing involves promoting diverse and engaging topics to attract and retain customers.

Conducting a competitive analysis doesn't have to be difficult. By following a five-step process, you can compare your business to competitors, identify products, target audience, positioning, and summarize with a SWOT analysis for success in your market.

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